COLDWATER, MI (WTVB) – The Coldwater School Board of Education adopted a resolution Monday night which allows for the sale of the district’s 2017 refunding bonds.
Superintendent Terry Boguth says this will save money for district taxpayers. She pointed out the district has done this before in 2007 when 1994 bonds were refunded.
She said stipulations have to BE met and they are looking at a true interest rate not to exceed 2 1/2 percent. Boguth says this will save at least $100,000 in interest payments.
The board also approved a request for the purchase of classroom furniture for the two additional classrooms at the Jefferson School.
Boguth also said the lawyers are still working on a purchase agreement for the Fremont School Building. She is hoping something will be ready for the January 23, 2017 board meeting. NRP Properties has expressed an interest in buying the property for $425,000 in hopes of putting in a housing development.
